Long-term consolidation is broken up. It makes sense to consider the possibility of opening a long position with a target in the area of long-term resistance level of 118.66. The situation with the Nikkei index was not in favor of a long position in the yen. Correlation of the index and the yen is still preserved. But if the dollar strengthens against all major currencies, there will be a sense in opening a long position.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.